Harmony Cumulative CD is another type of long term savings, where you can deposits funds and receive the accumulated interest calculated during the CD duration as well as the principle amount at maturity.
Benefits:
- Enjoy a higher interest rate.
- Obtain credit facilities against the balance of the Harmony Cumulative CD at competitive interest rates.
- There are no limitations on the maximum amount of the CD nor on the number of CDs the customer can own.
- Harmony Cumulative CD can be issued in favor of others even minors.
- Harmony Cumulative CD can be refunded at any time (after Semi annually from issuance date) from any of NSGB branches according to the breaking schedule published.
General Conditions:
- Duration 5, 6, 7 or 8 years.
- Issued in Egyptian Pound only.
- The required minimum amount per CD is EGP 1,000 and multiples.
- The interest is calculated starting from the issuance date and paid with the principle at maturity.
- The amount of the Harmony Cumulative CD or its interest payments cannot be paid except to the CD owner or to others as per previous instructions.
- The interest payment is at maturity for all the Cumulative CDs durations.
For further information, please visit the nearest NSGB branch or contact 19700